Soyoil prices rise at higher pace at origin than destinations, causing washouts of more than 100,000 tonnes

Soyoil export prices in South America have risen at a faster pace than the those in India, the main importer, since the beginning of February, and the spread between FOB and CFR prices reached $38.75 per tonne on February 11 — the lowest level since November 7, 2023, according to Fastmarkets data.